Analyst Ratings for Finisar Corp. (FNSR)Updated: 2017-07-27
Shares of Finisar Corp. (NASDAQ:FNSR) have received a consensus rating of Buy from Wall Street analysts. About 30 days ago, FNSR was issued an average rating of Buy.
A buy rating was issued by 13 analysts, 0 gave an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Many analysts weighed in on price targets for FNSR. The most optimistic analyst gave a price target of 44, implying potential capital gains of 56.14 percent. The most pessimistic price target was 32, implying potential capital losses of 13.56 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates downwards by an average of -1.61 percent. That number becomes -30.3 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised downwards by -0.58 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of -14.21 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 1 analysts that decreased their estimates. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 1 analysts that revised their FY estimates downwards.
The growth rate of FNSR's earnings is estimated by analysts to be -22.44 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of FNSR is -0.58.
FNSR has a 52-week high of 36.85 and a 52-week low of 18.00. Today's price is 56.56 percent above the 52-week low, and 23.53 percent lower than its 52-week high. FNSR has a price/earnings ratio of 12.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FNSR value stock report compares FNSR to some of its peers using value stock charts. The stock has a market capitalization of $3.14 billion. FNSR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.